THE Bangko Sentral ng Pilipinas has given the planned P20-billion long-term negotiable certificates of time deposits (LTNCDs) of Philippine National Bank (PNB), an issuance that is envisioned to manage the lender’s debt profile.
“We received today, November 28, 2016, a copy of the Bangko Sentral ng Pilipinas (BSP) approval of the bank’s request for authority to issue LTNCDs in the aggregate amount of up to P20 billion,” PNB said in a disclosure to the Philippine Stock Exchange on Monday.
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